Crestone Charter School

Analysis

Crestone Charter School is a registered charity in United States, based in Crestone, CO. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Crestone Charter School reported income of $2.2m and spending of $2.1m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.2m (+53%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crestone Charter School sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Foundation for Vision Rehabilitation and Employment ($2.2m), Mesivta of Greater Los Angeles ($2.2m) and Panhandle State Foundation ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 67% of the total. Other salaries and wages came to $804k. At year end it held assets of $7.9m against liabilities of $2.2m, net assets of $5.8m. It reported 47 employees.